Subject: Sen. Kaufman Discusses Goldman Hearing on CNN
From: "Senator Ted Kaufman" <[email-masked]>
To: "Hunter and Kathleen Biden" <[email-masked]>
Date: Tue, 27 Apr 2010 15:19:16 -0500

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* Sen.
 Kaufman Discusses Goldman Hearing on CNN*

*Sen. Kaufman,
a
member of
 the
Senate Investigations Subcommittee, **appeared on CNN on Tuesday,
 April 27, to discuss the panel’s questioning of Goldman Sachs
 executives.* *Watch HERE [link 1].*

*Watch Sen. Kaufman discuss the Goldman
 Sachs fraud hearing as well as the state of the Wall Street reform
 bill in
the Senate:*

*Tuesday, April 27: 8:15 p.m. on MSNBC’s
 "Countdown with Keith Olbermann"*

* Wednesday, April 28: 1:30 p.m. on FOX
 Business
Network and **3:25 p.m. on MSNBC*

*Sen. Kaufman’s
 Fight For Wall Street Reform:*

Last week, Sen. Ted Kaufman, along
 with Sen. Sherrod Brown of Ohio, announced the *SAFE Banking Act of
 2010*, new legislation that would place reasonable caps on the size and
 leverage of the nation’s behemoth financial institutions.

Their
 efforts were quickly touted by the media as “the most purely
 Jeffersonian piece of legislation that Congress has seen in decades” (Washington
 Post, April 24 [link 2]) and “well crafted” (The Nation, April 26
 [link 3]).

 In
an April
23 ABC News piece, titled "The Most
 Important Person You’ve Never Heard of in Washington’s Push to Reform
 Wall Street" [link 4], Matthew Jaffe writes, "The man who served
 more
than two decades as a top aide to Vice President Joe Biden -- and
 was
his hand-picked choice to take over the Senate seat he vacated --
 is
very much his own man on the issue of the moment." Read the full story
 HERE [link 5].

Other press on Sen. Kaufman and the *SAFE
 Banking Act*: 

In an April 27 Washington Post article [link 6] Sen.
 Kaufman told reporter Perry Bacon : "What do we have to do before someone
 sends the message that these things are too big and that this Congress
 cannot pass the buck to the regulators who didn’t do the job in the
 past?" he said. "What are we doing now as senators on the floor,
 passing legislation based on the fact ’I trust my regulators now’? Why
 aren’t we passing legislation that will work over the next two or three
 generations?" Read the full article HERE [link 7].

In an April 23
 Bloomberg Business Week article [link 8] by MIT professor and
 co-author of *13 Bankers,* Simon Johnson notes: "Now Kaufman is the man of
 the moment, having laid out a convincing path to a far-reaching
 financial overhaul. ... Kaufman’s point is simple and powerful. When corporate
 interests get out of control and start to hurt society, we typically
 deal with the issue in a constructive manner -- breaking up oversized
 companies, such as AT&T Corp., and regulating activities that are
 manifestly dangerous to society, as was done with banking from the 1930s."
 Read the full article HERE [link 9].

In Frank Rich’s April 24
 New York Times column [link 10], he writes, "Perhaps the most
 productive tactic comes from Ted Kaufman, Democrat of Delaware, who is using
 his lame-duck residence in the Senate (as the appointee to Joe Biden’s
 old seat) to demand that we root out the ’fraud and potential
 criminal conduct’ that ’were at the heart of the financial crisis.’" Read the
 full column HERE [link
 11].

 

----------------------
footnotes
----------------------
[link 1]
 http://kaufman.senate.gov/press/video_audio/video_player.cfm?m=4093ec8e-5056-9502-5d42-6444bbaa52e1
[link 2]
 http://kaufman.senate.gov/press/in_the_news/news/?id=3ad88c1e-5056-9502-5d56-b210f134bf4e
[link 3]
 http://kaufman.senate.gov/press/in_the_news/news/?id=3bb0a1ce-5056-9502-5dbe-656d505ed6c4
[link 4]
 http://kaufman.senate.gov/press/in_the_news/news/?id=3aded57e-5056-9502-5d95-9f9ff71001c4
[link 5]
 http://abcnews.go.com/Politics/Business/sen-ted-kaufman-important-person-heard-washingtons-push/story?id=10425615
[link 6]
 http://kaufman.senate.gov/press/in_the_news/news/?id=3fbbfec8-5056-9502-5d1b-7d2e05d2346c
[link 7]
 http://www.washingtonpost.com/wp-dyn/content/article/2010/04/26/AR2010042603795.html
[link 8]
 http://kaufman.senate.gov/press/in_the_news/news/?id=3ab5cb25-5056-9502-5d82-46617d89a371
[link 9]
 http://www.businessweek.com/news/2010-04-22/big-bank-breakup-time-gets-boost-from-goldman-simon-johnson.html
[link 10]
 http://kaufman.senate.gov/press/in_the_news/news/?id=3ada18c9-5056-9502-5d15-4fe57c619672
[link 11]
 http://www.nytimes.com/2010/04/25/opinion/25rich.html?dbk

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